Effect of transactions on current position analysis Data pertaining to the current position of Forte Company follow: Cash $412,500 Marketable securities 187,500 Accounts and notes receivable (net) 300,000 Inventories 700,000 Prepaid expenses 50,000 Accounts payable 200,000 Notes payable (short-term) 250,000 Accrued expenses 300,000 1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Roun Working Capital Current Ratio Quick Ratio 2. Compute the working capital, the current ratio, and the quick ratio after each of the fol affects the data given. Round to one decimal place. a. Sold marketable securities at no gain or loss, $70,000. b. Paid accounts payable, $125,000. c. Purchased goods on account, $110,000. d. Paid notes payable, $100,000. e. Declared a cash dividend, $150,000. f. Declared a common stock dividend on common stock, $50,000. g. Borrowed cash from bank on a long-term note, $225,000. h. Received cash on account, $125,000. i. Issued additional shares of stock for cash, $600,000. j. Paid cash for prepaid expenses, $10,000. Transaction Working Capital Current Ratio Quick Ratio eBook Effect of transactions on current position analysis Data pertaining to the current position of Forte Company follow Cash $412,500 Marketable securities 187,500 Accounts and notes receivable (net) 300,000 Inventories 700,000 Prepaid expenses 50,000 Accounts payable 200,000 Notes payable (short term) 250,000 Accrued expenses 300,000 1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round to one decimal place. Working Capital Current Ratio Quick Ratio 2. Compute the working capital, the current ratio, and the quick ratio wer each of the following transactions, and record the results in the appropriate columns. Consider each transaction separately and assume that only that transactio affects the data given. Round to one decimal place. a. Seld marketable securities at no gain or loss, $70,000. b. Paid accounts payable. $125,000 Purchased goods on account, $110,000 Paid nudes payable, $100,000 Dedared a cash dividend, $150,000. 1. Dedared a common stock dividend on common stock, $50,000 gotowed cash from bank on a long term nite, $225,000 h. Baceived cash account, $125,000 Lissed additional shares of stock for cash, $600,000 Laid cath for prepaid expenies, $10,000 Transaction Working Capital Current Rati Quick Ratio eBook Print Item Current Ratio Quick Ratio 2. Compute the working capital, the current ratio, and the quick ratio after each of th affects the data given. Round to one decimal place. a. Sold marketable securities at no gain or loss, $70,000. b. Paid accounts payable, $125,000. c. Purchased goods on account, $110,000. d. Paid notes payable, $100,000. e. Declared a cash dividend, $150,000. f. Declared a common stock dividend on common stock, $50,000. g. Borrowed cash from bank on a long-term note, $225,000. h. Received cash on account, $125,000. i. Issued additional shares of stock for cash, $600,000. J. Paid cash for prepaid expenses, $10,000. Transaction a. D b. C. d. e. f. g. h. i. Working Capital Current Ratio Quick Ratio